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https://help.tallysolutions.com/docs/te9rel49/Tax_Deducted_at_Source/TDS_in_Tally_ERP_9.htm

TDS in Tally.ERP 9

 

TDS (Tax Deducted at Source) in Tally.ERP 9 provides an easy-to-use and flexible interface. It helps you to handle intricate cases and calculate the tax payable to the Income Tax Department.

Tally.ERP 9 calculates the tax of all parties/ suppliers where TDS deduction is mandatory. It calculates the TDS automatically and prints Form16A certificates, Forms 26Q, 27Q, 26, 27 and 27A (Cover Note) for Quarterly/ Annual Returns as per statutory requirement.

It allows the user to view and print various TDS reports, Challans and TDS Outstanding statements.

Features of TDS in Tally.ERP 9  

The TDS functionality in Tally.ERP 9 supports the following features:

  1. Simple and user-friendly.

  2. Quick and easy to set up and use.

  3. Accounting for tax payment of bills.

  4. Flexibility for assisted calculation of TDS.

  5. Complete tracking of each transaction from deduction to payment.

  6. Challan management and printing for prompt and accurate filing of tax.

  7. The Auto allocation feature prevents error-prone data entry and helps track the transactions faster.

  8. Form 16A management:

  9. Can be printed for a transaction

  10. Can be printed for a period

  11. Can be printed yearly

  1. Allows multi-party printing.

  2. Exporting of data in NSDL compliant TDS file format.

  3. Electronic format (e-TDS return) with Form 26Q, 27Q, 26 and Form 27 and  which will be validated by the utility, provided by the government.

  4. Generates Form 16A, TDS Challan, TDS Computation and TDS Payable reports.